Patents Assigned to Creative Solutions Groups, Inc.
  • Patent number: 5239462
    Abstract: A method and apparatus are provided for the real-time automatic determination of the approval status of a potential borrower of a loan. The method includes (1) transmitting an image of a form by facsimile transmission to a control location, wherein the form contains predefined information applicable to the potential borrower in spaces located at predetermined locations; (2) automatically receiving the image of the form by facsimile transmission at the control location; (3) automatically scanning and interpreting the image of the form to obtain the predefined information; (4) automatically determining at the control location the approval status of the potential borrower according to criteria provided by a lender, wherein the determining step utilizes the predefined information; and (6) automatically transmitting information regarding the approval status from the control location to the potential borrower.
    Type: Grant
    Filed: February 25, 1992
    Date of Patent: August 24, 1993
    Assignee: Creative Solutions Groups, Inc.
    Inventors: Robert M. Jones, Charles F. Goetz, Larry L. Steele